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Consumer & Services Industry > E-Commerce
E-Commerce
E-Commerce: The Digital Marketplace on Steroids
E-commerce has firmly established itself as the engine driving global retail growth. The e-commerce sector is expected to reach $7 trillion by 2025, according to Statista, with over 2.14 billion digital buyers worldwide. The rapid expansion of platforms such as Amazon, Alibaba, and Shopify, combined with the growing consumer preference for online shopping, is creating a highly competitive and dynamic market.
Mobile commerce (m-commerce) and social commerce are further driving growth in the e-commerce space, with mobile retail sales predicted to reach $3.5 trillion by 2025. Moreover, innovations in AI-powered recommendations, chatbots, and virtual try-ons are enhancing the consumer shopping experience, while companies are leveraging big data to improve personalization and customer engagement.
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